The IPL 2027 trade window is busy, and keeping track of who has gone where is not easy. Some deals are straight swaps, some involve four players, and a few come with big changes in price. Here is a simple guide to every trade so far, plus the dates you should keep in mind.
The big one: Hardik and Arshdeep
This is the trade everyone is talking about. Mumbai Indians and Punjab Kings have now completed a direct swap. Arshdeep Singh moves to Mumbai, and Hardik Pandya moves to Punjab. Both players are valued at Rs 18 crore, and there is no extra cash in the deal.
Hardik’s fee goes up from Rs 16.35 crore, while Arshdeep keeps his existing amount. We covered the early talk in our piece on the reported MI and PBKS trade, and this report says the deal is now done.
Pant returns to Delhi
Rishabh Pant is going back to Delhi Capitals from Lucknow Super Giants. In exchange, Kuldeep Yadav moves to Lucknow. The biggest detail here is the money.
Pant’s fee has been revised to Rs 15 crore, down from Rs 27 crore. Kuldeep stays at his existing Rs 13.50 crore. This trade is reported to have been completed on June 23.
Natarajan back at Sunrisers
T Natarajan has returned to Sunrisers Hyderabad from Delhi Capitals. His fee drops from Rs 10.75 crore to Rs 5 crore. Going the other way is Zeeshan Ansari, who joins Delhi at his existing fee of Rs 40 lakh. The report says Ansari joined Delhi on October 4.
The four-player deal
Chennai Super Kings and Sunrisers Hyderabad have agreed to a bigger swap, finalised on November 5. Liam Livingstone and Jack Edwards go to Chennai. Khaleel Ahmed and Nathan Ellis go to Hyderabad.
Livingstone’s price falls from Rs 13 crore to Rs 6 crore, which is a big cut. The others keep their existing fees: Edwards at Rs 3 crore, Khaleel Ahmed at Rs 4.8 crore, and Ellis at Rs 2 crore.
The full list at a glance
Here is every player who has moved, in short:
- Rishabh Pant: LSG to DC, Rs 15 crore
- Kuldeep Yadav: DC to LSG, Rs 13.50 crore
- T Natarajan: DC to SRH, Rs 5 crore
- Zeeshan Ansari: SRH to DC, Rs 40 lakh
- Liam Livingstone: SRH to CSK, Rs 6 crore
- Jack Edwards: SRH to CSK, Rs 3 crore
- Khaleel Ahmed: CSK to SRH, Rs 4.8 crore
- Nathan Ellis: CSK to SRH, Rs 2 crore
- Hardik Pandya: MI to PBKS, Rs 18 crore
- Arshdeep Singh: PBKS to MI, Rs 18 crore
What the numbers tell us
Several players are taking pay cuts in these trades. Pant’s Rs 12 crore drop and Livingstone’s Rs 7 crore drop stand out. Natarajan’s fee is almost halved too.
That suggests teams are using trades to reset prices and free up money, which could matter a lot once the auction begins. Hardik is the exception, since his fee goes up.
Dates to remember
Teams must finalise their retention lists and release players by November 17, which is five days away. The trade window stays open until a week before the mini auction, which is scheduled for December 16 in Goa. So there is still time for more moves, and some teams may wait until they see who is released.
What happens next?
After November 17, the list of released players will be public, and that is when the real auction planning starts. Teams with extra money will have more room to chase big names. Teams that have traded away stars may look for replacements.
For fans, this is the most exciting stretch before the auction. Some deals bring old favourites back, like Pant to Delhi, while others, like Hardik to Punjab, feel completely new. We will update this list if any more trades are confirmed.